Micro Currency Trading Platforms
Micro currency trading means trading currencies in lots of 1000 units so suits new forex traders. The 2023 best brokers offering micro trading accounts were Pepperstone, City Index and Plus500.

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Ask an Expert
Is micro lot trading better than trading standard lots?
There are pro and cons of both but in terms of costs, some brokers might charge a slightly higher commission when compared with standard lots when compared on a pro-rata basis. This is because the broker makes less money when trading smaller lots, also liquidity providers usually only offer standard lots for trading so the broker needs to either offer their own liquidity or combined multiple small order when micro lot trading.
Micro lot trading can also limit your profits, especially when using leverage but it can limit your losses too.
However if you have a small trading account, then micro lot trading can be beneficial since you required margin is lower to open your position.
Is it true that trading currency futures in a personal account has negative tax consequences?
If so, what is the best entity to use for trading… LLC? SubSCorp? Retirement Account? Other?
We can’t give financial advise, for this you are best to spread with your accountant.